Shaf
Verified member
The fall of FTX is one of the worst events to ever happen in cryptocurrency. As the third largest cryptocurrency exchange and with the reputation of Sam Bankman-Fried, it's CEO had in the crypto community, many people believed in it and hence had a lot of their funds there.
Afterwards, people are having issues with withdrawal of funds from the exchange
People have now raised concerns about how safe exchanges if you are to keep your funds on it. Even though it's not supposed to be so, people still leave funds on exchanges as it's easier to trade it often and sell if price suddenly pumps or dumps.
CZ of Binance has assured users, but Crypto dot com had 'mistakenly' sent millions of dollars in Ethereum to Gate exchange after this.
I have resolved to keep my main funds off exchanges for now and I know many people who have grown really skeptical too.
Do you still think cryptocurrency exchnges are safe after this,?
Afterwards, people are having issues with withdrawal of funds from the exchange
People have now raised concerns about how safe exchanges if you are to keep your funds on it. Even though it's not supposed to be so, people still leave funds on exchanges as it's easier to trade it often and sell if price suddenly pumps or dumps.
CZ of Binance has assured users, but Crypto dot com had 'mistakenly' sent millions of dollars in Ethereum to Gate exchange after this.
I have resolved to keep my main funds off exchanges for now and I know many people who have grown really skeptical too.
Do you still think cryptocurrency exchnges are safe after this,?
